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Economy

Joint Tax Board targets 15-20% of IGR to GDP ratio in 2019 – Official

Joint Tax Board targets 15-20% of IGR to GDP ratio in 2019 – Official
By Mustapha Sumaila
Tax
Abuja, Jan. 6, 2019 (NAN) The Joint Tax Board (JTB) says it is targeting to attain Internally Generated Revenue (IGR) to Gross Domestic Product (GDP) ratio of 15 to 20 per cent in 2019.
Mr Oseni Elamah, the Executive Secretary of the board, disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday.
Elamah explained that the board was committed to and working with State Board of Internal Revenue Service (SBIRS) in the 36 states and Federal Inland Revenue Service (FIRS) in achieving that.
He said that the board would consolidate on the IGR reform being carried out by the JTB in ensuring a robust revenue generation for the country.
According to him, the board is planning more awareness creation this year in ensuring an increase in voluntary compliance from tax payers.
Meanwhile, the JTB scribe also disclosed that the board is playing significant roles to ensuring that some State Revenue Services had autonomy and operate without any interference from any quarter.
He stated that States Internally Generated Revenue (SIGR) reform had been initiated in collaboration with Nigeria Governors Forum to address some of the challenges confronting some SBIRS.
Elamah noted that the board would continue to engage governors of selected states experiencing constrains in optimising their revenue administration capacity.
He explained that the initiative was aimed at espousing the need to adopt and implement certain key initiatives to drive reforms in the revenue administration framework for growth and sustainability.
The secretary disclosed that the board had reached advanced stages in the consolidation of the taxpayers’ database in the country.
According to him, the initiatives are expected to expand the existing tax payers base which implies more potential tax payers in the respective tax nets of the various SBIRS. (NAN)
MS/CHOM/MST
Edited by Chioma Ugboma/Muhammad Suleiman Tola

Tourism

Peace, Revenue: APGA promises to revive cultural festivals in Nasarawa

Peace, Revenue: APGA promises to revive cultural festivals in Nasarawa
By Awayi Kuje
Tourism
Akun (Nasarawa State), Jan. 2, 2019 (NAN) Mr Labaran Maku, the Governorship Candidate of All Progressives Grand Alliance (APGA) in Nasarawa State, has promised to revive cultural festivals to promote peace and boost Internally Generated Revenue (IGR) in the state, if given the mandate.
Maku, who is also the National Secretary of APGA, made the pledge on Wednesday while addressing his supporters and different groups that paid him New Year homage at Wakama, Akun Development Area of the state.
A former Minister of Information, Maku noted that giving adequate attention to culture and tourism sector would not only promote peace but would also boost the state’s IGR, thereby improving the standard of living of the people.
He explained that the annual cultural festivals of various ethnic groups or tribes would be harnessed, developed and exposed to the outside world to attract tourists to the state.
“We have traditional rulers, the state is supposed to promote traditional norms and customs by promoting cultural festivals among the various ethnic groups.
“This will in turn promote peace, unity and even boost the state’s Internal Generated Revenue. Let us promote our cultural festivals.
“Cultural festival will generate big income apart from the development of customs, considering our closeness to Abuja, people will come, watch and spend money during cultural festivals, if properly organised.
“Hotels will be filled up and this will also promote peace and boost the state IGR,” he said.
“If elected as governor, my government will ensure protection of lives and property, provide employment opportunities and development of rural and urban centres through infrastructural facilities,” Maku added.
The APGA national scribe therefore urged the electorate to come out en masse and vote him as governor, assuring that the party will change the lives of the people positively.
The News Agency of Nigeria (NAN) reports that APGA groups that visited Maku came from Keana, Awe, Doma, Lafia, Kokona, Karu, Akwanga Local Government Areas of the state, among others. (NAN)
AKW/MST
Edited by Muhammad Suleiman Tola